Chapter 453 Disney (2)
Looking at Roland smiling and watching himself not speaking, Steve Jobs sighed and recalled the past.
"Roland, do you remember the first time we met?
Me, William, Paul and Steven together.
William was looking for you at the time, for Yahoo? Then you pulled me on the grounds that you bought Apple stock in a big way.
That day, I asked you why you bought Apple shares with a very strong attitude, and I showed great resistance in front of you. I wanted you to promise on the spot and give up the power of shareholders in the company.
I don't know what kind of eyes you looked at me at that time, but I can tell you that at that time, I was surprised by your response, that is, the music entertainment service you mentioned, and I didn't think about it. Think so exaggerated.
Because I was on the phone with Steven before I met you.
He told me, you are a very, very, very thoughtful guy. "
The slow words brought back dusty memories.
When Roland followed Steve Jobs' narration and recalled everything the old man had said to him back then, he had to nod his head in agreement with the aggressive attitude of the old man, because he felt at that time that the guy in front of him might have eaten the wrong thing. medicine.
"You were acting at the time?
No wonder!
I just said how can there be such brainless people in this world.
I am obviously the major shareholder of Apple! You are just an acting president hired by the company!
Under such circumstances, how dare you ask me to restrain myself in front of outsiders?
This incident is as outrageous as a group of protesters rushing into the Congress to take pictures and not burning, killing and looting! "
"Hahaha~" Roland's metaphor made Steve Jobs laugh, and instead of entangled in his emotions, he continued: "In order to prove that his judgment was correct, he also told me that he and You were the first to put forward the matter of exchanging copyright for shares of Sony Global Publishing Company. When this shocking decision was placed in front of me, even if you told me to invest in Apple because Apple can kill Microsoft, then I It wouldn't be a surprise either..."
Okay!
Roland finally understood why Steve Jobs didn't believe his lies.
Invest in Apple because he thinks Steve Jobs can lead Apple back to the top?
What a joke!
When your rational decision has been captured by these people, how can others believe it if you pretend to be stupid afterwards?
No one is a fool!
But-
"Does this have something to do with what we just talked about?" Roland shook his legs.
"Why doesn't it matter?" Steve Jobs asked back: "When Steven told me that you were very interested in the global distribution channels of these film companies, I thought you were quite an ambitious guy.
Your goal is not to be an actor at all, but to run an entertainment company.
Otherwise, why would you seek such things as channels when you don’t have any entertainment industry in your hands?
And your subsequent decision is also in line with my guess.
While betting on "The Seven Deadly Sins", you, like other guys who want to be promoted from actors to bosses, start investing in your own projects, and continue to run the film company under your name, using your own influence to serve the company. seek profit.
If you show what you did at that time to the public, I believe that 99% of people will think that you want to make Warcraft Films and Television into a DreamWorks like Steven.
So, at that time, I gave you the definition of Apple’s major shareholder, which is actually...”
"A young man who aspires to become a capitalist?" Roland asked with a smile.
"Yes! Same as William! A company that doesn't want to be a monopoly is not a good capital." Steve Jobs agreed.
But in the next second, he changed the subject and said, "But the problem is, I don't understand some of your decisions afterwards.
I originally thought that after Warcraft Film and Television gradually became profitable, you would follow the normal development rules of a film company to find projects, win over talents, continuously release works, and properly manage the Warcraft Film and Television brand.
but...
You didn't do that at all.
Under your control, Warcraft Film and Television only manages your personal works, and does not make any external investment at all, as if this company with overseas distribution channels is just your agent.
This behavior is really weird, you know?
Because under normal circumstances, as long as they are individuals, they will use channels to benefit themselves.
Like Steven, after he owns the channel, even if DreamWorks’ movies don’t go from Sony, he still uses the influence brought by the channel to get other film companies to reduce the distribution commission to 8%.
what about you?
never did any of these things...”
The words that hit the door of life made Roland embrace his hands, and while looking at the other party, he also asked: "Are you scolding me?
You say I'm not human? "
Although there are doubts, but the topic is not on this at all, "Actually, I think what you said is actually problematic.
Because I don't think there's anything weird about what I do.
You said that I don’t make external investment, but my Warcraft film and television has indeed produced "Lord of the Rings", "Harry-Potter" and "X-Men". In fact, I have no money at all!
In 1997 and 1998, my funds were still quite tight.
Because I have a lot of foreign investment.
Real riches... have to start with the sale of Yahoo shares to Carl and Ronald. "New novel chapters are published on
Although Roland has been asked more than once, why not develop a film and television company?
But in the past, he had always been a fool, only this time, he was explaining seriously.
Because he could feel it, Steve Jobs really smelled his true thoughts from his abnormality.
At the end of his explanation, the old man who was opposite to him really went on to say: "Oh~Oh~Oh~
Roland, do you know? Your reasons are totally untenable.
Because it undertakes the issuance of external projects, it does not require too much investment.
Like I just talked to you about.
You just take my orders and transfer them to companies that are capable of doing it.
Because you have shares in Sony's distribution company, you can get 10% of the lowest market price, and when you quote prices to those small companies, you can use 15% and 15% lower than the highest market price. Go grab the business of other film companies in the range of 10% of the lowest price in the market. In this way, you can realize the difference without spending a penny.
But you didn't do that.
And after you said you were rich, you didn’t continue to expand!
Because MGM is a privately held company, while Disney is a public company.
When the capital giants such as Hilton Group and Berkshire Hathaway hold their stocks, the hostile takeover like a robbery is a declaration of war with everyone, which is unwise and even more irrational...
In this case, Roland really has no way to deal with it.
But, now...
Steve Jobs squinted his eyes when he put forward the theory of selling if you can’t afford it.
Because Roland felt that this might be an excellent idea.
While he was asking, Steve Jobs also said: "First we have to make sure, what do you want.
If you want Disney as a whole, not just one of their businesses.
The nature of buying it with money and buying it with assets is actually the same.
What does it mean?
According to the normal acquisition process, the acquirer generally acquires a company with cash, stocks, convertible bonds, etc.
In this process, what the acquirer pays may be money or real assets.
The fundamental purpose of the acquirer is to turn the target company into its own industry.
But what if it’s the other way around?
When you sell the physical assets in your hands to a target company, that is, you become the acquiree and the other party becomes the acquirer, if you agree with the other party to conduct the transaction in the form of all stocks, then you are equivalent to paying Has the capital become a shareholder of the target company? In this case, as long as the share is enough, isn't this company yours?
This is actually a super simple math problem..."
'Grass! '
When Steve Jobs blinked at Roland, Roland already fully understood what the other party meant!
As long as Warcraft Movie and TV is sold to Disney with all stock, then Disney will be his!
Because acquisitions go both ways!
"I understand what you mean..." Roland nodded and said, "You hope that I can develop Warcraft Film and Television, then go public, and then sell it to Disney in exchange for a large amount of Disney shares and become a shareholder of Disney, right? ?”
"Yeah!" Steve Jobs was very happy that Roland could react in a short time, but at the same time, he felt that Roland's ideas were still somewhat limited, because he felt that there were still many things that could be sold.
"Although I don't know how much you estimated for Warcraft Film and Television.
But I know that if Goldman Sachs failed to take a stake, it means that you firmly believe that Warcraft Film and Television can develop.
Since this is the case, I will calculate it for you based on Pixar’s highest valuation.
With Marvel, "Harry Potter", "Lord of the Rings" and "Pirates of the Caribbean" which you firmly believe will be a success, the market value of this leather bag company will definitely exceed 20 billion after listing.
Of course, this is just the beginning!
Because you also have Sony Music Entertainment!
During our meeting to split Sony last year, you and Warren agreed that he would help you push Sony Music Entertainment into the top three music companies in the world. When it merges with Bertelsmann, its market value will definitely exceed 100 100 million!
In this way, the total value of entertainment assets in your hands will be 30 billion.
Do you know what the concept of 30 billion is?
Even if you sell your shares when you go public, so that your holding share drops to 80%, the shares in your hands are worth 24 billion. Therefore, when you sell them to Disney, you can replace them The Disney stock you got also exceeded 40% of the total. In this case, you can already dominate the company...
When you became the boss of the company, isn’t it just between the two of us that Disney bought Pixar? "
Steve Jobs nodded Roland with his hand, and then pointed to himself. He felt that things were super simple.
And Roland...
Well, Roland also suddenly felt that the whole thing was not as difficult as he imagined, or...
According to Steve Jobs' thinking, Disney will definitely be delisted!
First of all, the first point is that the value of Warcraft Film and Television is far higher than Steve Jobs estimated!
In the case of reaching a deal with the small bushes and being able to swallow MGM, MGM's property of nearly 5 billion must naturally be counted in Warcraft Film and Television. Ten years of brilliance, overseas distribution channels and North American distribution channels are complete, when the left hand is still holding the world's highest-grossing series "Harry Potter", and the right hand is still holding the highest-grossing "Pirates of the Caribbean" in the new century. 30 billion, Goldman Sachs can buy it backhand!
Tete code is a bargain!
As for Disney not buying?
Do not make jokes!
Now that Roland has already taken away Disney's live-action movie business, if Disney doesn't buy it, it's killing him!
Like Pixar, this is a company that chokes Disney's main business income! If Disney gives up and is bought by other companies such as Time Warner, these guys will definitely pay liquidated damages instead of making movies, and directly strangle the industry chain of their competitors!
And if Disney buys...
Then you can directly get a bunch of derivative income from "Harry Potter", "Marvel", "Pirates of the Caribbean" and so on!
In this way, it became a matter of course to package and sell Interstellar Records that swallowed Sony Music and Bertelsmann!
A transaction of up to 40 billion yuan was well arranged!
After that, of course it was a tacit agreement with Steve Jobs to acquire Pixar!
Of course, if it ends here, it definitely doesn't fit Roland's character of wanting to kill Disney.
So, when Roland and the old man hold more than 50% of Disney's shares, they can make a compulsory acquisition.
As for the company making the offer?
Of course it is Blizzard Entertainment!
When the host platform is dominated by Blizzard, and Shankoushan, the online game with the largest number of PCs, is watching, after Blizzard Entertainment goes public, it is absolutely impossible for the market value to be lower than that of Activision Blizzard in Roland's previous life!
And when Roland proposed an acquisition to Disney in its name, he only had to agree in the name of Disney shareholders.
Thus...
As a subsidiary of Blizzard Entertainment, Disney will be officially delisted from Nasdaq!
The only company in Hollywood that hasn't been acquired?
nonexistent!
Because they can never betray interests!
"Yeah~Yeah~Yeah~ This is really a very good idea~"
Roland stood up, unable to hide his smile, and stretched out his hand to Steve Jobs, "It's really full of temptation~"
(End of text)
(end of this chapter)